Commerce

PTCL achieves ISO Certifications for Cloud Infrastructure Services Security

ISLAMABAD (Sarzameen News)- PTCL has become the country’s first telecom operator to achieve two ISO certifications in parallel for its cloud services ‘Infrastructure-as-a-Service’ (IaaS) offering.  These are ISO/IEC 27001:2013 and ISO/IEC 27017:2015. The International Standards Organization (ISO) and International Electrotechnical Commission (IEC) are the authorities for these standards. The ISO 27017 is a Cloud security-specific standard,

Read More

Dollar hits 122 rupees in early trade

KARACHI (Sarzameen News) – Rupee again hit by storm on first day of the new week as dollar appreciated sharply against the domestic currency rising in excess of Rs 4. The dollar during the early trade hit the all time high of Rs 122 at the interbank. The magnitude of decline was unprecedented but some selling

Read More

Over Rs494mln released for revenue division projects

ISLAMABAD (APP)- The government has so far released Rs494.994 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2017-18). The government in its Federal PSDP had earmarked Rs790.100 million for the Revenue Division projects, with foreign exchange component of Rs105 million, officials

Read More

PSO says filling fuel tank posing no threat

ISLAMABAD (Sarzameen News)- Pakistan State Oil (PSO) has announced that filling fuel tank to its full capacity poses no threat of any kind to the cars or its passengers. PSO made the statement after a Whatsapp message went viral over the past few days. The message falsely claimed that PSO had warned the public against filling

Read More

Petrol price likely to increase by Rs7.46 for June

ISLAMABAD (Sarzameen News) – The federal government is likely to hike the price of petroleum products for the month of June 2018 and the move will bring changes to the existing values. Sources told Dunya News that Oil and Gas Regulatory Authority (OGRA) is likely to send a summary regarding increase in the prices of

Read More

PSO launches environment friendly RON 97 fuel

KARACHI (Sarzameen News) – Pakistan State Oil (PSO), in continuation of its quest to improve the quality of fuels in Pakistan, has upgraded its products portfolio with the inclusion of the RON 97 high octane petrol under brand name Altron X Hi- Octane 97. RON 97 delivers superior performance to vehicles for a smooth and

Read More

China gives Pakistan $1.6 bln credit line to boost currency reserves: sources

ISLAMABAD (Sarzameen News) – China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting foreign currency reserves. Two State Bank of Pakistan (SBP) sources told Reuters the credit facility that accompanies a currency

Read More

SBP to issue fresh currency notes for Eid from June 1

LAHORE (APP) – RAWALPINDI: The State Bank of Pakistan (SBP) on Tuesday announced that it will issue fresh currency notes to general public from June 1 to exchange with old ones for Eid-ul-Fitr celebrations. The SBP in collaboration with Pakistan Banks Association (PBA) set up SMS short code 8877 for issuing fresh currency notes, which

Read More

Turkmenistan says close to securing TAPI pipeline financing

Sarzameen News – Turkmenistan plans to secure within a few months all the necessary funding to complete the construction of an $8 billion natural gas pipeline to Afghanistan, Pakistan and India, the project’s chief executive said on Wednesday. The Central Asian nation is building the TAPI pipeline to diversify its gas exports, which have mostly

Read More

Exchange companies to keep record of transactions worth $500 or more

KARACHI (Sarzameen News) – Taking stern action against money laundering in the country, the State Bank of Pakistan has directed money-exchange companies to keep a record of any transaction worth $500 or more. The companies have been directed to identify the people who engage in transactions of the dollar, and the SBP has also amended

Read More